Malaysia: Pacemaker Market 2024

Pacemaker Market Size in Malaysia

In 2022, the Malaysian pacemaker market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed resilient growth. Pacemaker consumption peaked in 2022 and is likely to continue growth in the near future.

Pacemaker Production in Malaysia

In value terms, pacemaker production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Pacemaker Exports

Exports from Malaysia

In 2022, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pacemaker exports rose slightly to $X in 2022. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for pacemaker exports from Malaysia, with a X% share of total exports. Moreover, pacemaker exports to Belgium exceeded the volume sent to the second major destination, China (X units), threefold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Belgium ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average pacemaker export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the average price for exports to Germany ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Malaysia

After two years of decline, purchases abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pacemaker imports soared to $X in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Belgium (X units) constituted the largest pacemaker supplier to Malaysia, with a X% share of total imports. Moreover, pacemaker imports from Belgium exceeded the figures recorded by the second-largest supplier, Singapore (X units), fivefold. Ireland (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Ireland (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of pacemakers for stimulating heart muscles (excl. parts and accessories) to Malaysia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Ireland, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Ireland (X% per year).

Import Prices by Country

In 2022, the average pacemaker import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price, however, showed prominent growth. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Ireland ($X per unit), while the price for Switzerland ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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